Friday, September 17, 2010

Mexico limiting the use of US $?

This has been tossed around a bit on some of my travel agent boards and I have not found any information on this on the Mexico tourism board or any of my trusted travel agent information sites.

This link is saying that in order to stop money laundering, Mexico is restricting the amount of US$ in cash that vendors can take to $100 per person. If you are purchasing an excursion and the price is $150, you can pay for it with $100 in cash and $50 on a credit card or traveler's check.

For my clients, their packages are prepaid and I always recommend paying any charges to their rooms on a credit card but for those who prefer to use cash, you might want to go back to traveler's checks, just in case, until this is deemed fact or rumor.

Just a tip:
If you are using a credit/debit card and the vendor is using the old fashioned machines that use carbon copies, ALWAYS ask for the carbon paper.

To see the link to the article, click here

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